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marin [14]
3 years ago
11

Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven

to each area It wants to separate the fixed and variable portion of the truck's operating costs so it has a better idea of how distance affects these costs. Johnson Trucking Company has the following data available
Month Miles driven Total operating costs
January 16,200 22650
February 17000 23250
March 18400 25450
Apri 16500 22875
May 17400 23550
June 15300 21850
The variable cost per mile using the high-low method is:___________.
A. $1.16
B. $138
C. $1 66
D. $1.43
Business
1 answer:
BARSIC [14]3 years ago
7 0

Answer:

Variable cost per unit= $1.16 per mile

Explanation:

Giving the following information:

January 16,200 $22,650

February 17000 $23,250

March 18400 $25,450

Apri 16500 $22,875

May 17400 $23,550

June 15300 $21,850

<u>To calculate the variable cost per mile under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (25,450 - 21,850) / (18,400 - 15,300)

Variable cost per unit= $1.16 per mile

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3 years ago
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When ruko, a device used to stream movies at home, increases prices by 48% total revenue decreases by 61%?
Free_Kalibri [48]

Answer: Demand is elastic

Explanation:

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3 years ago
_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Er
RoseWind [281]

Answer:

Workforce diversity

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4 0
3 years ago
A number of stores offer film developing as a service to their customers. Suppose that each store offering this service has a co
meriva

Answer:

Check the following calculations.

Explanation:

C(q) = 50+0.20q+0.0800q2

MC(q)=0.20+0.160q

In the long run market will be in equilibrium when P=MC=ATC=LRAC=LRMC

where LRAC=long run average cost curve

LRMC=long run marginal cost curve

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noe total cost C(q)= 50+0.20q+0.0800q2

therefore ATC=C(q)/q

= 50/q + 0.20 + 0.0800q

therefore in long run MC=ATC

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on solving q=25

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C. You must sound your horn when necessary in order to avoid any collisions. You must do this to help warn and prevent another driver from getting into an accident with you. Therefore, C is correct.

D. Sound your horn to give other driver a piece of your mind. This is also known as road rage, it's not worth doing since you could get distracted while driving, and could lead to serious (sometimes fatal) issues. So, answer D. is incorrect. 

So, as I said above, the correct answer is: C. W<span>hen necessary to avoid collisions 

Good luck with your studies, and I truly hope this helps!~</span>
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